More than a week after Twitter said the company was laying off up to 336 people, CEO Jack Dorsey broke some good news to employees on Thursday.

Dorsey, who became Twitter s permanent CEO this month, said he was giving a third of his stock or 1 percent of the company back to the employee equity pool. He owns about 22 million shares of Twitter s stock and the gift amounts to nearly $200 million.

As for me: I d rather have a smaller part of something big than a bigger part of something small. I m confident we can make Twitter big! âœŒï¸

— Jack (@jack)

Dorsey is also the chief executive and largest shareholder of mobile payment startup Square, which recently filed plans to go public. Owning a 24 percent stake in the company, Dorsey said in the filing that he s given more than 15 million shares back to both Square and the Start Small Foundation, a new organization that helps artists, musicians and local businesses in underserved areas.